This portrait depicts a Parisian working boy holding a pipe in his hand and wearing a crown of roses around his head. The colors suggest that this piece belongs to Picasso’s Rose Period; referring to the time when the artist’s style was in favor of cheerful orange and pink hues in contrast to the cool, dreary tones of the artists Blue Period. John Whitney, the American ambassador to Britain was the first to buy this Picasso painting in 1950 for $30,000. It remained in Whitney’s private collection until 2004. By then, Whitney’s wife had set up the Greentree Foundation after her husband’s death in 1982. The painting was then put up for auction at Sotheby’s in 2004 and sold for $104 million, surpassing the estimates experts had made by a massive amount.